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Bullion News Review: Oct 6 – Oct 12
Celente Shares Six Major Global Forecasts
A very interesting update by someone that has proven to be very accurate – well worth a read!
As markets cool globally, political unrest heats up. In this impressive article, Celente releases his most important series of global forecasts ever and discusses:
- Millennials and Gen Xers moving from major cities to small towns as cities become too expensive to live in.
- The 11% drop in mergers and acquisitions as companies brace for periods of growing economic uncertainty.
- More than 30 central banks around the globe have lowered interest rates to keep cheap money flowing. Just last week, the Australian central bank dropped interest rates, to a new low of 0.75%!
- China, the world’s second largest economy, reported its slowest economic growth since 1990.
- A $3000 to $5000 gold price on the horizon…and much more!
Gold Prices About to Skyrocket 50% Higher
The amount of debt is growing tremendously, with the U.S. government’s growing by billions and billions of dollars a day. Corporations have to borrow more and more just to function. Interest rates are negative, so they’re being paid to borrow, so debt is growing really quickly. You’re probably pushing the upper limits of $300 trillion of debt at some point, so I don’t see that slowing down, and I think gold has to play catch up…”